Where Can One Find a List of OIl Futures Contract Holders? Need Help!

Here is the excerpt from Sen. Bill Nelson's letter:

I think Congress should pass legislation that aims to drastically limit the ability of speculators to artificially drive up energy prices. If this bill passes, there would be the first-ever limits on how much of the oil market speculators can control. The chief cosponsor of my bill is Sen. Jay Rockefeller (D-WV).

Plain and simple: the legislation says no single investor could hold more than 5 percent of the oil futures market, thereby greatly reducing speculators ability to manipulate prices.

I don't know how he will go about regulating this if the records are not public on who owns how many options.

Any clues on where to find this info?

I replied to his letter asking where I could find the info, but I don't think it'll get a response. I wrote that any legislation he proposes on this issue that does not publicly list the owners of contracts is just a waste of everybody's time.

here's a list of politicians that receive funding from the oil and gas companies. You might try contact these "oilers" one of them might just provide that information. Having said that, you would likely have better success contacting the least paid on the list

[link to www.opensecrets.org]

Well, it's a start! Perhaps I'll try that? Like I said though, I don't think anybody has this answer except the trading houses and that's proprietary and private information.
I am curious on what entity owns more than 5% of oil futures contracts. That would be interesting to see!

Senator Nelson can say goodbye to his 83,000. Interesting to watch and see if he is soon bought and paid by oil nad he backs off this legislation. I really would like to know who owns those contracts too!

Here is his letter in its entirety:


Dear Friends,

Gas prices most places are pushing $4 a gallon - again. And news reports say it could be $5 or more by summertime. That’s outrageous – and unjustified.

Whether it’s the continuing threat of unrest in the Middle East or the lure of quick profit, the price of oil is driven in big part by traders, speculators and, of course, fear.

There’s been unrest in the Middle East for thousands of years, as we’re seeing right now with Iran and the Strait of Hormuz. Every time we’re faced with this international uncertainty, especially in the Middle East, we’re reminded why we must get off of foreign oil. Nothing’s going to eliminate the volatility in oil prices like becoming less dependent on foreign energy sources.

But we’ve also got to stop a new brand of oil trader who has emerged in the last decade, a middle man of sorts, who’s also driving up the price we pay at the pump.

Many experts agree we should not allow these traders to bid up the price of oil and flip futures contracts like condos. Yet in the last ten years the share of the oil market controlled by investors and speculators has more than doubled.

During the same time, American drivers have seen the price of gas at the pump go from about $1.56 per gallon to around $3.61 per gallon or more. By bidding up oil futures, speculators also increase costs for our airlines, industrial energy users and other businesses. And these higher costs are passed on to consumers like you and me.

Fact is, the level of speculation in today’s energy markets greatly exceeds the historic norm. If you want to know the truth, it’s partly the fault of broken-down policies from a Congress dominated by partisanship and extremism. Congress deregulated oil traders in December 2000. And it hasn’t tackled a comprehensive alternative energy policy since Nixon and Carter first talked about one in the 1970s.

Anyone can push for gas-tax holidays and the Keystone Pipeline. In fact, I support the pipeline as long as it’s in an area where it’s not as much of a threat to the entire Midwest water supply and we require that the oil stay here at home and not be sold to foreign countries.

We’ve already given the oil companies more than eight million more prime acres in which to drill in the Gulf of Mexico. Now we should curb the activities of speculators. And, in the long term, we must develop alternatives to gasoline.

I think Congress should pass legislation that aims to drastically limit the ability of speculators to artificially drive up energy prices. If this bill passes, there would be the first-ever limits on how much of the oil market speculators can control. The chief cosponsor of my bill is Sen. Jay Rockefeller (D-WV).

Plain and simple: the legislation says no single investor could hold more than 5 percent of the oil futures market, thereby greatly reducing speculators ability to manipulate prices.

Does this sound like an idea you could support? Please let me know. Also, let me know what else you think we could do to bring down gas prices.

Sincerely,

I like how he starts the letter. "Dear Friends"! What a joke! It should begin "Dear Boss" or "Dear Constituents". Bill Nelson is my friend like the Dali Lama is my friend! I never met either one and never will.
Unfortunately, I am no longer his boss for he works under the company that bought him!

FINALLY... the chicago board of exchange( trade) is the ONLY reason gas prices are up!!!!

It is likely they would use the CFTC as a mechanism for auditing and moderation.

You know OP, the same institution which had oversight and auditing of MF Global and the likes....

Thanks AC! They can audit and moderate all they want to, but if they don't publish option owners then Bill Nelson's bill is all for naught!
How could he propose such a bill without expecting transparency knowing that such information is private? I think he's just back-slapping and saber-rattling because the govt can't force these houses to give up private information.

Wow Look at all the republicans!!